Adam Smith stated that trade was:
A) a zero sum game.
B) to be controlled by government to maintain a surplus.
C) beneficial to all countries.
D) beneficial to large countries that can reduce costs.
E) not beneficial to any country.

Question

Quizplus · Accepted Answer

Adam Smith argued that trade is beneficial to all countries involved, as it allows for the specialization of production and the exchange of goods and services that countries are most efficient at producing, leading to increased economic welfare for all parties involved.

Adam Smith Stated That Trade Was